The Company's strategy focuses on capturing higher-margin opportunities in Steel, Stainless Steel, Ferro Alloys, and Aluminium Foil Products, aligning with SMEL's goal of generating long-term value for stakeholders.

The company has a market cap of over 9,500 crore and reported positive numbers in its quarterly results and annual results. As of March 2023, the shareholding pattern of the company indicates that the majority stake of 88.35 per cent is held by the company's promoters, while the remaining ownership is divided among DIIs (3.17 per cent), FIIs (0.65 per cent) and the general public (7.84 per cent).

The stock is hitting back-to-back 52-week highs in the recent trading sessions. The shares of the company have a PE of 11x whereas the industry PE is 33.60x.

Considering the fact that the bulls are now fully charged up, we have curated a list of stocks that meet the criteria of the T20 breakout system. So, here is the list of stocks: